SEC Form 4 · accession 0000912728-17-000155
FORWARD AIR CORP · FWRD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chris C Ruble
Officer — President - Expedited Services
Period of report
Dec 7, 2017
Accepted (ET)
Dec 11, 2017 · 12:41 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000912728
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 7, 2017 | M | 7,980 | $37.14 | A | 28,279 | D | |
| Common Stock | Dec 7, 2017 | M | 7,349 | $42.48 | A | 35,628 | D | |
| Common Stock | Dec 7, 2017 | M | 4,564 | $50.71 | A | 40,192 | D | |
| Common Stock | Dec 7, 2017 | M | 3,127 | $43.67 | A | 43,319 | D | |
| Common Stock | Dec 7, 2017 | S | 23,020 | $57.75 | D | 20,299 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $37.14 | Dec 7, 2017 | M | 7,980 | D | — | Feb 7, 2020 | Common Stock | 7,980 | 0 | D |
| Stock Option (Right to Buy)F2 | $42.48 | Dec 7, 2017 | M | 7,349 | D | — | Feb 6, 2021 | Common Stock | 7,349 | 0 | D |
| Stock Option (Right to Buy)F3 | $50.71 | Dec 7, 2017 | M | 4,564 | D | — | Feb 9, 2022 | Common Stock | 4,564 | 2,282 | D |
| Stock Option (Right to Buy)F4 | $43.67 | Dec 7, 2017 | M | 3,127 | D | — | Feb 8, 2023 | Common Stock | 3,127 | 6,252 | D |
Explanation of responses
- F1This option vests 33-1/3% each year over a three year period commencing on 2/7/14.
- F2This option vests 33-1/3% each year over a three year period commencing on 2/6/15.
- F3This option vests 33 1/3% each year over a three year period commencing on 2/9/16.
- F4This option vests 33 1/3% each year over a three year period commencing on 2/8/17.